PubMatic, Inc. (NASDAQ:PUBM – Get Free Report) insider Mukul Kumar sold 7,000 shares of the business’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $21.64, for a total transaction of $151,480.00. Following the completion of the transaction, the insider now owns 30,958 shares in the company, valued at approximately $669,931.12. The sale was disclosed in a legal filing with the SEC, which is available through this link.
PubMatic Price Performance
Shares of NASDAQ:PUBM traded down $0.16 during trading on Wednesday, reaching $21.57. 254,499 shares of the company’s stock traded hands, compared to its average volume of 488,218. PubMatic, Inc. has a 12 month low of $10.92 and a 12 month high of $24.18. The company has a 50 day moving average of $20.81 and a 200-day moving average of $16.86. The stock has a market capitalization of $1.08 billion, a P/E ratio of 143.80 and a beta of 1.52.
PubMatic (NASDAQ:PUBM – Get Free Report) last announced its quarterly earnings data on Monday, February 26th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.15. The business had revenue of $84.60 million during the quarter, compared to the consensus estimate of $78.19 million. PubMatic had a net margin of 3.33% and a return on equity of 3.29%. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.24 EPS. Equities research analysts predict that PubMatic, Inc. will post 0.17 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on PUBM shares. JMP Securities boosted their target price on shares of PubMatic from $18.00 to $25.00 and gave the stock a “market outperform” rating in a research report on Tuesday, February 27th. Royal Bank of Canada reissued an “outperform” rating and issued a $26.00 target price on shares of PubMatic in a research report on Monday, March 25th. Finally, B. Riley boosted their target price on shares of PubMatic from $21.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, PubMatic has an average rating of “Moderate Buy” and an average price target of $22.20.
View Our Latest Stock Report on PUBM
PubMatic Company Profile
PubMatic, Inc, a technology company, engages in the provision of a cloud infrastructure platform that enables real-time programmatic advertising transactions for digital content creators, advertisers, agencies, agency trading desks, and demand side platforms worldwide. Its PubMatic SSP, a sell-side platform, used for the purchase and sale of digital advertising inventory for publishers and buyers.
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